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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

CFPB’s Hackett Maintains Agency’s Position During NAF Association Conference Keynote Session

Nick Zulovich
FORT WORTH, Texas — Responses to more than a dozen questions delivered in advance to an assistant director of the Consumer Financial Protection Bureau had to be approved by many officials from the new regulatory agency. During the keynote session ... [Read More]

Subprime Industry Assesses 2013 Tax Season

Nick Zulovich
CARY, N.C. — As the calendar approaches the midpoint of 2013, lenders, dealers and service providers are getting a clearer picture about just how unusual this year's tax season was for the used-vehicle industry. Among the perspectives collected by SubPrime ... [Read More]

Experian: Finance Companies Gain Greater Market Share in Q1

Nick Zulovich
SCHAUMBURG, Ill. — As new-vehicle leasing hit record levels, Experian Automotive's latest analysis showed how much momentum the subprime finance sector gained during the first quarter. According to its State of the Automotive Finance Market report released on Tuesday, Experian ... [Read More]

Westlake Flooring Services Selects Quiktrak to Provide Floorplan Audit Services

Nick Zulovich
BEAVERTON, Ore. — Westlake Flooring Services recently entered into an agreement with Quiktrak, an asset verification and inventory audit solutions provider to handle the auto finance company's field auditing services. Officials highlighted Westlake has experienced tremendous growth in just a ... [Read More]

GE Capital, Element Financial Announce Cross-Border Fleet Services Alliance

Nick Zulovich
NORWALK, Conn. and TORONTO — Element Financial Corp. and GE Capital announced a definitive asset purchase agreement late last week under which Element would acquire GE Capital's Canadian fleet portfolio. The deal the companies entered would also result in Element ... [Read More]

3 Crucial Takeaways from CFPB Examination Manual

Nick Zulovich
RALEIGH, N.C. — FNI president David Bafumo recently studied what he believes are the three most important sections relevant to auto finance companies and dealers from the examination manual issued by the Consumer Financial Protection Bureau. Bafumo dissected more than ... [Read More]

3 Retail Businesses That Offer Glimpse Toward Used-Vehicle Sales Potential

Nick Zulovich
ATLANTA — Manheim chief economist Tom Webb gave some examples of retail sectors that might give a "true sense of the psyche of many used-vehicle buyers." So what kinds of businesses should dealers and finance companies watch besides traffic to ... [Read More]

Ford Motor Credit, VW Credit Among Companies Out to Help Oklahoma Tornado Victims

Nick Zulovich
DEARBORN, Mich. — Captive finance companies, OEMs and more have the victims of the recent Oklahoma tornadoes top of mind, donating money for relief efforts and deferring payments for customers in the storms' paths. Ford Motor Credit and Lincoln Automotive ... [Read More]

Provider Exchange Network and Fidelis PPM Finish Integration to Help F&I Managers

Nick Zulovich
SOUTHFIELD, Mich. — Fidelis PPM and Provider Exchange Network (PEN), a division of Open Dealer Exchange, recently completed integration to offer dealers the ability to rate and contract for Fidelis F&I products directly through leading finance desking software for dealers. ... [Read More]

BMW Group Financial Services Retail and Lease Portfolio Now Exceeds 1M

Nick Zulovich
WOODCLIFF LAKE, N.J. — As BMW Group Financial Services approaches its 20th anniversary of conducting business in the United States, the captive finance arm achieved another milestone. This week, officials highlighted BMW Group Financial Services surpassed more than 1 million ... [Read More]

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